17th Feb 2015 06:36
LONDON (Alliance News) - Two of Tesco PLC's largest shareholders are backing the appointment of Archie Norman as chairman, with a decision expected to be made by the company as early as this week, the Financial Times reported on Monday.
Two top-ten investors are pushing the company to end its search for a replacement for outgoing Chairman Richard Broadbent by going for Norman, the former chief executive of Asda and current chairman of ITV PLC, the FT said. According to people familiar with the situation, Norman has been approached about the role.
http://www.ft.com/cms/s/0/ce6d6400-b5ff-11e4-a577-00144feab7de.html?ftcamp=crm/email/2015217/nbe/UKBusiness/product#axzz3Rt185hdB
By Sam Unsted; [email protected]; @SamUAtAlliance
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